He is the cofounder of a suddenly very popular site -- it's called Chatroulette -- that randomly pairs users into video chats.

His problem is that according to one study, of the approximately 3.9 million people who visited Chatroulette in February, about 507,000 of them were "perverts" -- men using the site without the pants on, doing things to themselves.

These pantsless perverts not only make Chatroulette a less than pleasant experience for the other 87% of users, they also reduce Chatroulette's chances of becoming a profitable, brand-advertising supported site.

The good news is that this costly problem presents a potentially lucrative opportunity for those who can solve it.

We asked entrants to come up with a plan to fix Chatroulette's penis problem and present it to us in a Power Point document. The winner will get his or her resume post online and sent to both Andrey himself, as well as some of his potential investors.

The rules:

Entrants were to create a slide show presentation illustrating their plan and product. Make sure the text is readable if slides are reduced to 590 pixels wide.

Entrants were to say how much revenue their plan would produce after one, five and ten years.

Entrants were to come up with and answer five FAQs that would challenge their plan.